State Farm Insurance, has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 35 percent. What is the net income for this firm?
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- AnsLifeline, Inc., has sales of $830,362, costs of $376,820, depreciation expense of $39,240, interest expense of $35,120, and a tax rate of 30 percent. What is the net income for this firm? (Hint: Build the Income Statement)A firm has sales of $4,790, costs of $2,590, interest paid of $174, and depreciation of $483. The tax rate is 21 percent. What is the cash coverage ratio? Multiple Choice 12.64 times 7.01 times 9.78 times 9.87 times 16.77 times
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